Financial Success: The Best books and resources on personal finance

Aug 9, 2019, 12:06 PM by Denali 

Reading has all sorts of incredible benefits. It has been shown to enhance memory, cognitive function, and writing skills. While reading is a productive and enjoyable pastime, it's also a great way to expand your knowledge.

One important area of knowledge is financial literacy. From getting out of debt to using your money to build your life, everybody could use a little insight into using this resource successfully. In honor of National Book Lovers Day, we’d like to share some of the top books on personal finance. These books will not only give you cognitive benefits you’d get from reading any other book—they’ll also equip you with essential skills to manage your money and put you on the pathway to financial independence.

Think and grow rich

by Ben Holden-Crowther and Napoleon Hill

A timeless classic, this book is a must-read for anybody wanting to build a solid foundation of their financial knowledge. The useful advice, motivational value, and depth of knowledge have kept it on the top of reading lists for decades. The book draws lessons from some of the best businessmen of the time-- Andrew Carnegie, Henry Ford, and Thomas Edison. You won’t just learn about finances; you’ll learn how to get what you want and how to pursue your dreams in all aspects of life.

The Total Money Makeover: A Proven Plan for Financial Fitness

by Dave Ramsey

For people struggling in their debt, this book is the ultimate resource to get out. From becoming debt-free to getting out of a mortgage and saving, Dave Ramsey breaks down his plan in manageable, easy to implement steps. With over 5 million copies sold, this book has changed the lives of countless people and encouraged many more to get their finances under control.

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

By Thomas J. Stanley and William D. Danko

Think you know what a millionaire looks like? Think again. This book compiles information from interviewing many people living with a net worth of over a million dollars, teaching how they got there, and what they did to stay there. What is detailed inside might surprise you--and transform the way you use your money.

I Will Teach You to be Rich

by Ramit Sethi

If you’re looking for a practical guide to apply to your life, this is it. Written in the style of a six-week personal finance program, author Ramit Sethi gives straightforward and logical steps to get your financial life together. His insights will teach you how to make money and use it in a way that suits your lifestyle and goals—in a way that makes you feel rich.

The Behavior Gap

by Carl Richards

Despite our best efforts to save, most of us slip up and make mistakes with our money. It’s rooted in our decisions, or more specifically, letting emotions get in the way of logical decision making. In his book, Carl Richards exposes the psychological aspects of our decision making and teaches readers how to overcome natural instincts to become money smart. 

Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence

by Vicki Robin and Joe Dominguez

This isn’t your average finance book. It won’t tell the secrets to get rich quick or live frugally. Sure, you might find some tips and tricks along the way—but what you’ll come away with from this read is far greater than an outline for your monthly budget. The authors challenge what it means to have money, flips the idea of earning on its head, and provides a different perspective on spending. By taking a deeper look at the psychology behind money itself, you’ll learn to think of wealth in terms of energy and to use it in a way that aligns with your values.

 

Want more information on managing your finances?

At Denali, we believe equipping our members to successfully manage their finances is one of the best ways we can help improve lives. Because of this, we want to provide our members with the best resources available and help you become financially free.

One of the ways we do this is with our Personal Finance Management tool, a free tool that allows you to manage and plan your spending. You can also keep an eye out for more money management resources and information posted regularly here on our blog.

The information contained within this article is for informational purposes and should not be considered financial advice. Everyone’s financial situations are unique and you should consult a financial advisor for assistance with your particular situation and goals.